News, ideas, research & resources, in social entrepreneurship and philanthropy
(⏰ This month's newsletter is 1281 words long and takes 11 mins to read)
📢 News
+ Philanthropy has an image problem, but it is working on it. News of recent philanthropic work, by singer Dolly Parton and footballer Marcus Rashford, was publicly applauded. But the public's reaction was unusual: a new survey of UK attitudes towards philanthropy has revealed that most people distrust donors. This week, there have been signs the sector is listening: Lankelly Chase, a major UK foundation, acknowledged its governance may be reinforcing problems of power, racial injustice and climate change, rather than making a positive difference; and Melinda Gates, whose foundation has given away more than $55bn, told the New York Times why she believes philanthropy has a negative reputation.
+ In the Marshall Institute's 2020 Annual Report, published this week, director, Stephan Chambers, reflected on a disrupted, but also very busy year. Chambers praised the resilience of the Institute’s students, staff, faculty, and supporters: "There is no good pandemic, but good can come from concerted, collective response."
18 Jan: Hayekian behavioural economics Cass R. Sunstein, HarvardLaw School,discusses ongoing research that is creating a new form of Hayekian behavioural economics| LSE
Learn to stop worrying and love debt Paul Krugman:public debt isn’t a major problem, and government borrowing can be the responsible thing to do | New York Times (4 mins)
A better economy is possible... ...but we first need to reimagine capitalism to achieve it. Essay adapted from: Klaus Shwab's new book, Stakeholder Capitalism | Time (6 mins)
8B uses innovative guarantees and income-share agreements to offer affordable financing to African students
🔊 Listening to:
Purpose-driven business Ed Boyd, Director of ReGenerate, on the challenges of nudging companies towards embedding purpose in their DNA | Conscious Capitalists (52 mins)
10½lessons from experience Perspectives on fund management, with Sir Paul Marshall, co-founder of Marshall Wace, and Marshall Institute founder | LSE (73 mins)
The future of the corporation and the economics of purpose Colin Mayer, Said Business School, examines the economic underpinnings of the concept of corporate purpose, and argues there are fundamental reasons for reconceptualizing the purpose of business in the future | Journal of Management Studies, (October 2020)
💸Resources
+SocialStarters Support, mentoring and consultancy for social enterprises
2. Impact Amplifier Remote Fellowships International and South African social enterprise and impact investing fellowships. Applications now open
3. Inspiring Capital, MBA Impact Fellowships 10-week virtual programme offers 50+ hours of learning, reflection, and practice to grow into a high-impact professional. Apply by 18 December
+ Global Venture and Fellowship Leader - Ashoka Lead Ashoka's new Gloval Venture team, set up to identify and support 10,000 social entrepreneurs over the next ten years. Based, US
+ Researchers, Resolution Foundation Research a range of economic and social policy issues, including the labour market, inequality, and wealth. Apply by 3 Jan 2021
>Entrepreneurship in emerging economies Free online course: Harvard Business School professor Tarun Khanna, takes an interdisciplinary approach to solving complex social problems
Is there anything you would like to see included in this newsletter in future? Send your contributions, suggestions and feedback to marshallinstitute@lse.ac.uk
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